The UV curing system market was valued at USD 3.28 billion in 2018 and
is expected to reach USD 5.45 billion by 2023, at a CAGR of 10.66%
between 2018 and 2023.

This report covers the following technology: Mercury lamp and UV LED
system. Currently, UV LED system holds a smaller share in the UV curing
system market, as it is used in limited applications; however, in the
coming years, the UV LED market will be driven by deployment in new
applications such as purification and disinfection. UV LED consumes less
energy and generates less heat compared to mercury lamps, making it the
most preferred UV curing technology in the coming years.

This report has been segmented on the basis of end-user industry, into
medical, consumer electronics, and construction and architecture. The
construction and architecture industry is mainly driven by the
increasing UV coating market across the globe. Additionally, increasing
investments by government in public infrastructure such as highway joint
sealing, structural bonding of bridge, and railways to cater to the
needs of customized coating are fueling the demand for UV curing
technologies in the construction industry.

Market Dynamics

Drivers

Environmental Awareness and Stringent Regulations

High Speed and Performance Compared to Traditional Curing Systems

Restraint

Limited Depth of Curing

Opportunities

High Growth Prospect in New Applications

High Acceptance of Bio-Based Products and Resins

Challenge

Risks of Hazard Related to the Presence of Mercury in UV Mercury Lamps